Maryland 2025 Regular Session

Maryland Senate Bill SB105 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3	3		EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4		[Brackets] indicate matter deleted from existing law.
5		-	Underlining indicates amendments to bill.
6		-	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
7		-	amendment.
8	5		sb0105
9	6
10	7		SENATE BILL 105
11	8		P1, M5 5lr0687
12	9		SB 169/24 – B&T (PRE–FILED) CF HB 145
13	10		By: Senator Kagan
14	11		Requested: August 14, 2024
15	12		Introduced and read first time: January 8, 2025
16	13		Assigned to: Budget and Taxation
17		-	Committee Report: Favorable with amendments
18		-	Senate action: Adopted
19		-	Read second time: February 24, 2025
20	14
21		-	~~CHAPTER ______~~
	15	+	A BILL ENTITLED
22	16
23	17		AN ACT concerning 1
24	18
25	19		Green and Renewable Energy for Nonprofit Organizations Loan Program and 2
26	20		Fund 3
27	21
28	22		FOR the purpose of establishing the Green and Renewable Energy for Nonprofit 4
29		-	Organizations Loan Program in the Maryland Energy Administration Maryland 5
30		-	Clean Energy Center to provide financial assistance to nonprofit organizations for 6
31		-	the planning, purchase, and installation of qualifying energy systems; establishing 7
32		-	the Green and Renewable Energy for Nonprofit Organizations Loan Fund as a 8
33		-	special, nonlapsing fund; requiring interest earnings of the Green and Renewable 9
34		-	Energy for Nonprofit Organizations Loan Fund to be paid into the Green and 10
35		-	Renewable Energy for Nonprofit Organizations Loan Fund; altering the uses of the 11
36		-	Maryland Strategic Energy Investment Fund to include providing funds to the Green 12
37		-	and Renewable Energy for Nonprofit Organizations Loan Fund; and generally 13
38		-	relating to the Green and Renewable Energy for Nonprofit Organizations Loan 14
39		-	Program and Fund. 15
	23	+	Organizations Loan Program in the Maryland Energy Administration to provide 5
	24	+	financial assistance to nonprofit organizations for the planning, purchase, and 6
	25	+	installation of qualifying energy systems; establishing the Green and Renewable 7
	26	+	Energy for Nonprofit Organizations Loan Fund as a special, nonlapsing fund; 8
	27	+	requiring interest earnings of the Green and Renewable Energy for Nonprofit 9
	28	+	Organizations Loan Fund to be paid into the Green and Renewable Energy for 10
	29	+	Nonprofit Organizations Loan Fund; altering the uses of the Maryland Strategic 11
	30	+	Energy Investment Fund to include providing funds to the Green and Renewable 12
	31	+	Energy for Nonprofit Organizations Loan Fund; and generally relating to the Green 13
	32	+	and Renewable Energy for Nonprofit Organizations Loan Program and Fund. 14
40	33
41		-	BY renumbering 16
42		-	Article – Economic Development 17
43		-	Section 10–862 and the part “Part VII. Short Title” 18
44		-	to be Section 10–871 and the part “Part VIII. Short Title” 19
45		-	Annotated Code of Maryland 20
46		-	(2024 Replacement Volume and 2024 Supplement) 21
	34	+	BY repealing and reenacting, without amendments, 15
	35	+	Article – State Finance and Procurement 16
	36	+	Section 6–226(a)(2)(i) 17
	37	+	Annotated Code of Maryland 18
	38	+	(2021 Replacement Volume and 2024 Supplement) 19
47	39
48		-	BY adding to 22 2 SENATE BILL 105
	40	+	BY repealing and reenacting, with amendments, 20
	41	+	Article – State Finance and Procurement 21
	42	+	Section 6–226(a)(2)(ii)204. and 205. 22
	43	+	Annotated Code of Maryland 23
	44	+	(2021 Replacement Volume and 2024 Supplement) 24
	45	+
	46	+	BY adding to 25
	47	+	Article – State Finance and Procurement 26
	48	+	Section 6–226(a)(2)(ii)206. 27 2 SENATE BILL 105
49	49
50	50
51		-	Article – Economic Development 1
52		-	Section 10–862 through 10–868 to be under the new part “Part VII. Green and 2
53		-	Renewable Energy for Nonprofit Organizations Loan Program” 3
54		-	Annotated Code of Maryland 4
55		-	(2024 Replacement Volume and 2024 Supplement) 5
	51	+	Annotated Code of Maryland 1
	52	+	(2021 Replacement Volume and 2024 Supplement) 2
56	53
57		-	BY repealing and reenacting, without amendments, 6
58		-	Article – State ~~Finance and Procurement 7~~
59		-	Section 6–~~226~~(a)~~(2)(i) 8~~
60		-	Annotated Code of Maryland 9
61		-	(2021 Replacement Volume and 2024 Supplement) 10
	54	+	BY repealing and reenacting, without amendments, 3
	55	+	Article – State Government 4
	56	+	Section 9–20B–05(a) 5
	57	+	Annotated Code of Maryland 6
	58	+	(2021 Replacement Volume and 2024 Supplement) 7
62	59
63		-	BY repealing and reenacting, with amendments, 11
64		-	Article – State ~~Finance and Procurement 12~~
65		-	Section 6–~~226~~(a)(2)~~(ii)204.~~ and ~~205. 13~~
66		-	Annotated Code of Maryland 14
67		-	(2021 Replacement Volume and 2024 Supplement) 15
	60	+	BY repealing and reenacting, with amendments, 8
	61	+	Article – State Government 9
	62	+	Section 9–20B–05(f)(12) and (13) 10
	63	+	Annotated Code of Maryland 11
	64	+	(2021 Replacement Volume and 2024 Supplement) 12
68	65
69		-	BY adding to 16
70		-	Article – State Finance and Procurement 17
71		-	Section 6–226(a)(2)(ii)206. 18
72		-	Annotated Code of Maryland 19
73		-	(2021 Replacement Volume and 2024 Supplement) 20
	66	+	BY adding to 13
	67	+	Article – State Government 14
	68	+	Section 9–20B–05(f)(13); and 9–2101 through 9–2107 to be under the new subtitle 15
	69	+	“Subtitle 21. Green and Renewable Energy for Nonprofit Organizations Loan 16
	70	+	Program” 17
	71	+	Annotated Code of Maryland 18
	72	+	(2021 Replacement Volume and 2024 Supplement) 19
74	73
75		-	BY repealing and reenacting, without amendments, 21
76		-	Article – State Government 22
77		-	Section 9–20B–05(a) 23
78		-	Annotated Code of Maryland 24
79		-	(2021 Replacement Volume and 2024 Supplement) 25
	74	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 20
	75	+	That the Laws of Maryland read as follows: 21
80	76
81		-	BY repealing and reenacting, with amendments, 26
82		-	Article – State Government 27
83		-	Section 9–20B–05(f)(12) and (13) 28
84		-	Annotated Code of Maryland 29
85		-	(2021 Replacement Volume and 2024 Supplement) 30
	77	+	Article – State Finance and Procurement 22
86	78
87		-	BY adding to 31
88		-	Article – State Government 32
89		-	Section 9–20B–05(f)(13); and 9–2101 through 9–2107 to be under the new subtitle 33
90		-	“Subtitle 21. Green and Renewable Energy for Nonprofit Organizations Loan 34
91		-	Program” 35
92		-	Annotated Code of Maryland 36
93		-	(2021 Replacement Volume and 2024 Supplement) 37
	79	+	6–226. 23
94	80
95		-	~~SECTION~~ 1. ~~BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,~~ 38
96		-	~~That Section(s) 10–862 and the part “Part VII~~. ~~Short Title” of Article – Economic 39 SENATE BILL 105 3~~
	81	+	(a) (2) (i) 1. This subparagraph does not apply in fiscal years 2024 24
	82	+	through 2028. 25
97	83
	84	+	2. Notwithstanding any other provision of law, and unless 26
	85	+	inconsistent with a federal law, grant agreement, or other federal requirement or with the 27
	86	+	terms of a gift or settlement agreement, net interest on all State money allocated by the 28
	87	+	State Treasurer under this section to special funds or accounts, and otherwise entitled to 29
	88	+	receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 30
	89	+	Fund of the State. 31
98	90
99		-	~~Development~~ of ~~the Annotated Code~~ of ~~Maryland be renumbered to be Section(s) 10–871 1~~
100		-	~~and~~ the ~~part “Part~~ ~~VIII. Short Title”. 2~~
	91	+	(ii) The provisions of subparagraph (i) of this paragraph do not apply 32
	92	+	to the following funds: 33
101	93
102		-	SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 3
103		-	as follows: 4
	94	+	204. the Climate Technology Founder’s Fund; [and] 34
104	95
105		-	Article – State Finance and Procurement 5
	96	+	205. the Victims of Domestic Violence Program Grant Fund; 35
	97	+	AND 36 SENATE BILL 105 3
106	98
107		-	6–226. 6
108		-
109		-	(a) (2) (i) 1. This subparagraph does not apply in fiscal years 2024 7
110		-	through 2028. 8
111		-
112		-	2. Notwithstanding any other provision of law, and unless 9
113		-	inconsistent with a federal law, grant agreement, or other federal requirement or with the 10
114		-	terms of a gift or settlement agreement, net interest on all State money allocated by the 11
115		-	State Treasurer under this section to special funds or accounts, and otherwise entitled to 12
116		-	receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 13
117		-	Fund of the State. 14
118		-
119		-	(ii) The provisions of subparagraph (i) of this paragraph do not apply 15
120		-	to the following funds: 16
121		-
122		-	204. the Climate Technology Founder’s Fund; [and] 17
123		-
124		-	205. the Victims of Domestic Violence Program Grant Fund; 18
125		-	AND 19
126		-
127		-	206. THE GREEN AND RENEWABLE ENERGY FOR 20
128		-	NONPROFIT ORGANIZATIONS LOAN FUND. 21
129		-
130		-	Article – State Government 22
131		-
132		-	9–20B–05. 23
133		-
134		-	(a) There is a Maryland Strategic Energy Investment Fund. 24
135		-
136		-	(f) The Administration shall use the Fund: 25
137		-
138		-	(12) to provide grants through the Customer–Sited Solar Program under § 26
139		-	9–2016 of this title; [and] 27
140		-
141		-	(13) TO PROVIDE FUNDS TO THE GREEN AND RENEWABLE ENERGY 28
142		-	FOR NONPROFIT ORGANIZATIONS LOAN FUND ESTABLISHED UNDE R § 9–2107 OF 29
143		-	THIS TITLE; AND 30
144		-	4 SENATE BILL 105
145		-
146		-
147		-	[(13)] (14) to pay the expenses of the Program. 1
148		-
149		-	Article – Economic Development 2
150		-
151		-	SUBTITLE 21. PART VII. GREEN AND RENEWABLE ENERGY FOR NONPROFIT 3
152		-	ORGANIZATIONS LOAN PROGRAM. 4
153		-
154		-	9–2101. 10–862. 5
155		-
156		-	(A) IN THIS SUBTITLE PART THE FOLLOWING WORDS HAVE THE MEANINGS 6
157		-	INDICATED. 7
158		-
159		-	(B) “ADMINISTRATION ” MEANS THE MARYLAND ENERGY 8
160		-	ADMINISTRATION . 9
161		-
162		-	(C) (B) “BORROWER” MEANS A NONPROFIT ORGANIZATION THAT 10
163		-	APPLIES AND QUALIFIE S FOR A LOAN UNDER T HE PROGRAM. 11
164		-
165		-	(D) (C) “FUND” MEANS THE GREEN AND RENEWABLE ENERGY FOR 12
166		-	NONPROFIT ORGANIZATIONS LOAN FUND. 13
167		-
168		-	(E) (D) “NONPROFIT ORGANIZATIO N” MEANS AN ORGANIZATIO N THAT IS 14
169		-	EXEMPT FROM FEDERAL INCOME TAX UNDER § 501(C)(3) OF THE INTERNAL 15
170		-	REVENUE CODE. 16
171		-
172		-	(F) (E) “PROGRAM” MEANS THE GREEN AND RENEWABLE ENERGY FOR 17
173		-	NONPROFIT ORGANIZATIONS LOAN PROGRAM. 18
174		-
175		-	(G) (F) “QUALIFYING ENERGY SYS TEM” MEANS A SYSTEM THAT : 19
176		-
177		-	(1) GENERATES ELECTRICIT Y OR USABLE THERMAL ENERGY THAT IS 20
178		-	USED TO MEET ON –SITE DEMAND; AND 21
179		-
180		-	(2) ASSISTS THE STATE IN MEETING THE ENVIRONMENTAL AND 22
181		-	GREENHOUSE GAS REDUC TION GOALS UNDER TITLE 2, SUBTITLE 12 OF THE 23
182		-	ENVIRONMENT ARTICLE. 24
183		-
184		-	9–2102. 10–863. 25
185		-
186		-	THERE IS A GREEN AND RENEWABLE ENERGY FOR NONPROFIT 26
187		-	ORGANIZATIONS LOAN PROGRAM IN THE ADMINISTRATION CENTER. 27
188		-
189		-	9–2103. 10–864. 28
190		-	SENATE BILL 105 5
191		-
192		-
193		-	THE PURPOSE OF THE PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE IN 1
194		-	THE FORM OF NO –INTEREST LOANS TO NO NPROFIT ORGANIZATION S FOR: 2
195		-
196		-	(1) THE PLANNING , PURCHASE, AND INSTALLATION OF QUAL IFYING 3
197		-	ENERGY SYSTEMS IN TH E STATE; AND 4
198		-
199		-	(2) ACTIONS THAT IMPROVE ENERGY EFFICIENCY , SUCH AS 5
200		-	REPAIRING OR REPLACI NG WINDOWS , DOORS, AND HEATING , VENTILATING, AND 6
201		-	AIR–CONDITIONING SYSTEMS AND OTHER SIMILAR IM PROVEMENTS . 7
202		-
203		-	9–2104. 10–865. 8
204		-
205		-	THE ADMINISTRATION CENTER SHALL: 9
206		-
207		-	(1) MANAGE, SUPERVISE, AND ADMINISTER THE PROGRAM; 10
208		-
209		-	(2) ADOPT REGULATIONS TO ENSURE THAT LOANS PR OVIDED TO 11
210		-	NONPROFIT ORGANIZATI ONS CARRY OUT THE PU RPOSE OF THE PROGRAM; AND 12
211		-
212		-	(3) ATTACH TO ANY LOAN S PECIFIC TERMS THAT ARE CONSIDERED 13
213		-	NECESSARY TO ENSURE THAT THE PURPOSE OF THE PROGRAM IS FULFILLED . 14
214		-
215		-	9–2105. 10–866. 15
216		-
217		-	(A) (1) A BORROWER MUST FILE A N APPLICATION WITH T HE 16
218		-	ADMINISTRATION CENTER TO RECEIVE A LOAN UN DER THE PROGRAM. 17
219		-
220		-	(2) THE APPLICATION MUST BE SIGNED B Y THE CHIEF OPERATIN G 18
221		-	OFFICER OR AN AUTHOR IZED OFFICER OF THE NONPROFIT ORGANIZATI ON. 19
222		-
223		-	(B) THE APPLICATION MUST CONTAIN ANY INFORMAT ION THE 20
224		-	ADMINISTRATION CENTER DETERMINES IS NECESS ARY, INCLUDING: 21
225		-
226		-	(1) THE PROJECTED COST O F THE QUALIFYING ENE RGY SYSTEM , 22
227		-	ENERGY EFFICIENCY AC TION, OR TECHNICAL ASSISTANCE BEING FINANCED 23
228		-	THROUGH THE LOAN ; 24
229		-
230		-	(2) THE LOCATION OF THE PROPERTY WHERE THE Q UALIFYING 25
231		-	ENERGY SYSTEM WILL B E INSTALLED OR AN ENERGY EFFICIE NCY ACTION WILL 26
232		-	OCCUR AND WHETHER THE PROP ERTY IS OWNED OR LE ASED BY THE APPLICAN T; 27
233		-	AND 28
234		-
235		-	(3) ANY ADDITIONAL INFOR MATION RELATING TO T HE BORROWER OR 29
236		-	THE PROPOSED QUALIFY ING ENERGY SYSTEM OR ENERGY EFFICIENCY ACTION 30 6 SENATE BILL 105
237		-
238		-
239		-	BEING FINANCED THROU GH THE LOAN THAT MAY BE REQUIRED BY THE 1
240		-	ADMINISTRATION CENTER TO ADMINISTER THE PROGRAM. 2
241		-
242		-	(C) THE ADMINISTRATION CENTER MAY APPROVE AN APPLI CATION FOR A 3
243		-	LOAN SPECIFIED IN § 9–2106(A)(1) 10–867(A)(1) OF THIS SUBTITLE ONL Y IF THE 4
244		-	APPLICATION DEMONSTR ATES THAT THE PROPOS ED QUALIFYING ENERGY SYSTEM 5
245		-	OR ENERGY EFFICIENCY ACTION IS ESTIMATED, BASED ON PROJECTED E NERGY 6
246		-	COSTS, TO GENERATE ENERGY C OST SAVINGS OVER THE USEFUL LIFE OF THE 7
247		-	SYSTEM OR ENERGY EFFICIENCY ACTION THAT EQUAL OR EXCEED THE TOTAL 8
248		-	AMORTIZED COST OF TH E LOAN. 9
249		-
250		-	(D) IN APPROVING AN APPLI CATION, THE ADMINISTRATION CENTER SHALL 10
251		-	CONSIDER AND GIVE PR IORITY TO AN APPLICA NT THAT HAS AN ANNUA L BUDGET OF 11
252		-	$1,000,000 OR LESS. 12
253		-
254		-	9–2106. 10–867. 13
255		-
256		-	(A) LOANS FROM THE FUND MAY BE USED FOR : 14
257		-
258		-	(1) THE PURCHASE AND INS TALLATION OF A QUALI FYING ENERGY 15
259		-	SYSTEM, INCLUDING ANY NECESS ARY ANCILLARY M ACHINERY, EQUIPMENT, OR 16
260		-	FURNISHINGS; AND 17
261		-
262		-	(2) TECHNICAL ASSISTANCE FOR THE PLANNING AND INSTALLATION 18
263		-	OF A QUALIFYING ENER GY SYSTEM; AND 19
264		-
265		-	(3) ACTIONS THAT IMPROVE ENERGY EFFICIENCY , SUCH AS 20
266		-	REPAIRING OR REPLACI NG WINDOWS , DOORS, AND HEATING , VENTILATING, AND 21
267		-	AIR–CONDITIONING SYSTEMS AND OTHER SIMILAR IM PROVEMENTS . 22
268		-
269		-	(B) EACH BORROWER FOR A L OAN UNDER SUBSECTION (A)(1) OF THIS 23
270		-	SECTION SHALL CONTRI BUTE AT LEAST 10% OF THE COST OF THE Q UALIFYING 24
271		-	ENERGY SYSTEM OR ENERGY EFFICIENCY ACTION. 25
272		-
273		-	(C) (1) LOANS MADE UNDER THE PROGRAM SHALL BE REPA YABLE BY 26
274		-	THE BORROWER IN ACCO RDANCE WITH A SCHEDU LE SET BY THE ADMINISTRATION 27
275		-	CENTER. 28
276		-
277		-	(2) THE SCHEDULE SET BY T HE ADMINISTRATION CENTER MAY BE 29
278		-	ON A DEFERRED PAYMEN T BASIS. 30
279		-
280		-	(D) (1) A BORROWER SHALL PROVI DE ASSURANCES FOR THE 31
281		-	REPAYMENT OF A LOAN . 32
282		-	SENATE BILL 105 7
283		-
284		-
285		-	(2) THE ASSURANCES : 1
286		-
287		-	(I) SHALL INCLUDE A PROM ISSORY NOTE; AND 2
288		-
289		-	(II) MAY INCLUDE A PLAN F OR REPAYMENT . 3
290		-
291		-	(E) LOANS MAY BE MADE IN CONJUNCTION WITH OR IN ADDITION TO 4
292		-	FINANCIAL ASSISTANCE PROVIDED THROUGH OTH ER STATE OR FEDERAL 5
293		-	PROGRAMS. 6
294		-
295		-	9–2107. 10–868. 7
296		-
297		-	(A) THERE IS A GREEN AND RENEWABLE ENERGY FOR NONPROFIT 8
298		-	ORGANIZATIONS LOAN FUND. 9
299		-
300		-	(B) THE ADMINISTRATION CENTER SHALL ADMINISTER THE FUND. 10
301		-
302		-	(C) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 11
303		-	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 12
304		-
305		-	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 13
306		-	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 14
307		-
308		-	(D) THE FUND CONSISTS OF : 15
309		-
310		-	(1) MONEY APPROPRIATED I N THE STATE BUDGET TO THE PROGRAM; 16
311		-
312		-	(2) MONEY TRANSFERRED FR OM THE STRATEGIC ENERGY 17
313		-	INVESTMENT FUND ESTABLISHED UNDE R § 9–20B–05 OF THIS TITLE THE STATE 18
314		-	FINANCE AND PROCUREMENT ARTICLE; 19
315		-
316		-	(3) MONEY RECEIVED FROM ANY PUBLIC OR PRIVAT E SOURCE; 20
317		-
318		-	(4) INTEREST AND INVESTM ENT EARNINGS OF THE FUND; AND 21
319		-
320		-	(5) REPAYMENTS AND PREPA YMENTS ON LOANS MADE FROM THE 22
321		-	FUND. 23
322		-
323		-	(E) (1) IN FISCAL YEAR 2027, THE GOVERNOR MAY INCLUDE IN THE 24
324		-	ANNUAL BUDGET BILL A N APPROPRIATION OF $5,000,000 FOR THE FUND. 25
325		-
326		-	(2) IN FISCAL YEAR 2028, THE GOVERNOR MAY INCLUDE IN THE 26
327		-	ANNUAL BUDGET BILL A N APPROPRIATION EQUA L TO AT LEAST $5,000,000 MINUS 27
328		-	THE AMOUNT IN THE FUND AS OF JUNE 30 OF THE IMMEDIATELY P RECEDING 28
329		-	FISCAL YEAR. 29 8 SENATE BILL 105
330		-
331		-
332		-
333		-	(F) THE FUND MAY BE USED ONLY : 1
334		-
335		-	(1) TO PAY THE EXPENSES OF THE PROGRAM; AND 2
336		-
337		-	(2) TO PROVIDE LOAN S TO ELIGIBLE BORROW ERS UNDER THE 3
338		-	PROGRAM. 4
339		-
340		-	(G) (1) THE STATE TREASURER SHALL INVES T AND REINVEST THE 5
341		-	MONEY OF THE FUND IN THE SAME MANN ER AS OTHER STATE MONEY MAY BE 6
342		-	INVESTED. 7
343		-
344		-	(2) ANY INVESTMENT EARNIN GS OF THE FUND SHALL BE PAID IN TO 8
345		-	THE FUND. 9
346		-
347		-	(3) ANY REPAYMENT ON LOAN S MADE FROM THE FUND SHALL BE 10
348		-	PAID INTO THE FUND. 11
349		-
350		-	10–869. RESERVED. 12
351		-
352		-	10–870. RESERVED. 13
353		-
354		-	Article – State Finance and Procurement 14
355		-
356		-	6–226. 15
357		-
358		-	(a) (2) (i) 1. This subparagraph does not apply in fiscal years 2024 16
359		-	through 2028. 17
360		-
361		-	2. Notwithstanding any other provision of law, and unless 18
362		-	inconsistent with a federal law, grant agreement, or other federal requirement or with the 19
363		-	terms of a gift or settlement agreement, net interest on all State money allocated by the 20
364		-	State Treasurer under this section to special funds or accounts, and otherwise entitled to 21
365		-	receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 22
366		-	Fund of the State. 23
367		-
368		-	(ii) The provisions of subparagraph (i) of this paragraph do not apply 24
369		-	to the following funds: 25
370		-
371		-	204. the Climate Technology Founder’s Fund; [and] 26
372		-
373		-	205. the Victims of Domestic Violence Program Grant Fund; 27
374		-	AND 28
375		-	SENATE BILL 105 9
376	99
377	100
378	101		206. THE GREEN AND RENEWABLE ENERGY FOR 1
379	102		NONPROFIT ORGANIZATIONS LOAN FUND. 2
380	103
381	104		Article – State Government 3
382	105
383	106		9–20B–05. 4
384	107
385	108		(a) There is a Maryland Strategic Energy Investment Fund. 5
386	109
387	110		(f) The Administration shall use the Fund: 6
388	111
389	112		(12) to provide grants through the Customer–Sited Solar Program under § 7
390	113		9–2016 of this title; [and] 8
391	114
392	115		(13) TO PROVIDE FUNDS TO THE GREEN AND RENEWABLE ENERGY 9
393		-	FOR NONPROFIT ORGANIZATIONS LOAN FUND ESTABLISHED UNDE R § 10–~~868~~ OF 10
394		-	~~THE ECONOMIC DEVELOPMENT ARTICLE~~; AND 11
	116	+	FOR NONPROFIT ORGANIZATIONS LOAN FUND ESTABLISHED UNDE R § 9–2107 OF 10
	117	+	THIS TITLE; AND 11
395	118
396	119		[(13)] (14) to pay the expenses of the Program. 12
397	120
398		-	SECTION 2. 3. AND BE IT FURTHER ENACTED, That, on or before July 1, 2026, 13
399		-	the Maryland Energy Administration Maryland Clean Energy Center shall: 14
	121	+	SUBTITLE 21. GREEN AND RENEWABLE ENERGY FOR NONPROFIT 13
	122	+	ORGANIZATIONS LOAN PROGRAM. 14
	123	+
	124	+	9–2101. 15
	125	+
	126	+	(A) IN THIS SUBTITLE THE FO LLOWING WORDS HAVE T HE MEANINGS 16
	127	+	INDICATED. 17
	128	+
	129	+	(B) “ADMINISTRATION ” MEANS THE MARYLAND ENERGY 18
	130	+	ADMINISTRATION . 19
	131	+
	132	+	(C) “BORROWER” MEANS A NONPROFIT OR GANIZATION THAT APPL IES AND 20
	133	+	QUALIFIES FOR A LOAN UNDER THE PROGRAM. 21
	134	+
	135	+	(D) “FUND” MEANS THE GREEN AND RENEWABLE ENERGY FOR 22
	136	+	NONPROFIT ORGANIZATIONS LOAN FUND. 23
	137	+
	138	+	(E) “NONPROFIT ORGANIZATIO N” MEANS AN ORGANIZATIO N THAT IS 24
	139	+	EXEMPT FROM FEDERAL INCOME TAX UNDER § 501(C)(3) OF THE INTERNAL 25
	140	+	REVENUE CODE. 26
	141	+
	142	+	(F) “PROGRAM” MEANS THE GREEN AND RENEWABLE ENERGY FOR 27
	143	+	NONPROFIT ORGANIZATIONS LOAN PROGRAM. 28
	144	+	4 SENATE BILL 105
	145	+
	146	+
	147	+	(G) “QUALIFYING ENERGY SYS TEM” MEANS A SYSTEM THAT : 1
	148	+
	149	+	(1) GENERATES ELECTRICIT Y OR USABLE THERMAL ENERGY THAT IS 2
	150	+	USED TO MEET ON –SITE DEMAND; AND 3
	151	+
	152	+	(2) ASSISTS THE STATE IN MEETING THE ENVIRONMENTAL AND 4
	153	+	GREENHOUSE GAS REDUCTIO N GOALS UNDER TITLE 2, SUBTITLE 12 OF THE 5
	154	+	ENVIRONMENT ARTICLE. 6
	155	+
	156	+	9–2102. 7
	157	+
	158	+	THERE IS A GREEN AND RENEWABLE ENERGY FOR NONPROFIT 8
	159	+	ORGANIZATIONS LOAN PROGRAM IN THE ADMINISTRATION . 9
	160	+
	161	+	9–2103. 10
	162	+
	163	+	THE PURPOSE OF THE PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE IN 11
	164	+	THE FORM OF NO –INTEREST LOANS TO NO NPROFIT ORGANIZATION S FOR THE 12
	165	+	PLANNING, PURCHASE, AND INSTALLATION OF QUALIFYING ENERGY SY STEMS IN 13
	166	+	THE STATE. 14
	167	+
	168	+	9–2104. 15
	169	+
	170	+	THE ADMINISTRATION SHALL : 16
	171	+
	172	+	(1) MANAGE, SUPERVISE, AND ADMINISTER THE PROGRAM; 17
	173	+
	174	+	(2) ADOPT REGULATIONS TO ENSURE THAT LOANS PR OVIDED TO 18
	175	+	NONPROFIT ORGANIZATI ONS CARRY OUT THE PU RPOSE OF THE PROGRAM; AND 19
	176	+
	177	+	(3) ATTACH TO ANY LOAN S PECIFIC TERMS THAT A RE CONSIDERED 20
	178	+	NECESSARY TO ENSURE THAT THE PURPOSE OF THE PROGRAM IS FULFILL ED. 21
	179	+
	180	+	9–2105. 22
	181	+
	182	+	(A) (1) A BORROWER MUST FILE A N APPLICATION WITH T HE 23
	183	+	ADMINISTRATION TO REC EIVE A LOAN UNDER TH E PROGRAM. 24
	184	+
	185	+	(2) THE APPLICATION MUST BE SIGNED BY THE CHI EF OPERATING 25
	186	+	OFFICER OR AN AUTHOR IZED OFFICER OF THE NONPROFIT ORGANIZATI ON. 26
	187	+
	188	+	(B) THE APPLICATION MUST CONT AIN ANY INFORMATION THE 27
	189	+	ADMINISTRATION DETERM INES IS NECESSARY , INCLUDING: 28
	190	+
	191	+	(1) THE PROJECTED COST O F THE QUALIFYING ENE RGY SYSTEM OR 29 SENATE BILL 105 5
	192	+
	193	+
	194	+	TECHNICAL ASSISTANCE BEING FINANCED THROU GH THE LOAN; 1
	195	+
	196	+	(2) THE LOCATION OF THE PROPERTY WHERE THE QUALIFYING 2
	197	+	ENERGY SYSTEM WILL B E INSTALLED AND WHET HER THE PROPERTY IS OWNED OR 3
	198	+	LEASED BY THE APPLIC ANT; AND 4
	199	+
	200	+	(3) ANY ADDITIONAL INFOR MATION RELATING TO T HE BORROWER OR 5
	201	+	THE PROPOSED QUALIFY ING ENERGY SYSTEM BE ING FINANCED THROUGH THE 6
	202	+	LOAN THAT MAY BE RE QUIRED BY THE ADMINISTRATION TO ADM INISTER THE 7
	203	+	PROGRAM. 8
	204	+
	205	+	(C) THE ADMINISTRATION MAY AP PROVE AN APPLICATION FOR A LOAN 9
	206	+	SPECIFIED IN § 9–2106(A)(1) OF THIS SUBTITLE ONL Y IF THE APPLICATION 10
	207	+	DEMONSTRATES THAT TH E PROPOSED QUALIFYIN G ENERGY SYSTEM IS ESTIMATED, 11
	208	+	BASED ON PROJECTED E NERGY COSTS, TO GENERATE ENERGY C OST SAVINGS OVER 12
	209	+	THE USEFUL LIFE OF T HE SYSTEM THAT EQUAL OR EXCEED THE TOTAL AMORTIZED 13
	210	+	COST OF THE LOAN . 14
	211	+
	212	+	(D) IN APPROVING AN APPLI CATION, THE ADMINISTRATION SHALL 15
	213	+	CONSIDER AND GIVE PR IORITY TO AN APPLICANT THAT HAS AN ANNUAL BUDGET OF 16
	214	+	$1,000,000 OR LESS. 17
	215	+
	216	+	9–2106. 18
	217	+
	218	+	(A) LOANS FROM THE FUND MAY BE USED FOR : 19
	219	+
	220	+	(1) THE PURCHASE AND INS TALLATION OF A QUALI FYING ENERGY 20
	221	+	SYSTEM, INCLUDING ANY NECESS ARY ANCILLARY MACHIN ERY, EQUIPMENT, OR 21
	222	+	FURNISHINGS; AND 22
	223	+
	224	+	(2) TECHNICAL ASSISTANCE FOR THE PLANNING AND INSTALLATION 23
	225	+	OF A QUALIFYING ENER GY SYSTEM. 24
	226	+
	227	+	(B) EACH BORROWER FOR A L OAN UNDER SUBSECTION (A)(1) OF THIS 25
	228	+	SECTION SHALL CONTRI BUTE AT LEAST 10% OF THE COST OF THE Q UALIFYING 26
	229	+	ENERGY SYSTEM . 27
	230	+
	231	+	(C) (1) LOANS MADE UNDER THE PROGRAM SHALL BE REPA YABLE BY 28
	232	+	THE BORROWER IN ACCO RDANCE WITH A SCHEDU LE SET BY THE ADMINISTRATION . 29
	233	+
	234	+	(2) THE SCHEDULE SET BY T HE ADMINISTRATION MAY BE ON A 30
	235	+	DEFERRED PAYMENT BAS IS. 31
	236	+
	237	+	(D) (1) A BORROWER SHALL PROVI DE ASSURANCES FOR TH E 32 6 SENATE BILL 105
	238	+
	239	+
	240	+	REPAYMENT OF A LOAN . 1
	241	+
	242	+	(2) THE ASSURANCES : 2
	243	+
	244	+	(I) SHALL INCLUDE A PROM ISSORY NOTE; AND 3
	245	+
	246	+	(II) MAY INCLUDE A PLAN F OR REPAYMENT . 4
	247	+
	248	+	(E) LOANS MAY BE MADE IN CONJUNCTION WITH OR IN ADDITION TO 5
	249	+	FINANCIAL ASSISTANCE PROVIDED THROUGH OTH ER STATE OR FEDERAL 6
	250	+	PROGRAMS. 7
	251	+
	252	+	9–2107. 8
	253	+
	254	+	(A) THERE IS A GREEN AND RENEWABLE ENERGY FOR NONPROFIT 9
	255	+	ORGANIZATIONS LOAN FUND. 10
	256	+
	257	+	(B) THE ADMINISTRATION SHALL ADMINISTER THE FUND. 11
	258	+
	259	+	(C) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 12
	260	+	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 13
	261	+
	262	+	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 14
	263	+	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 15
	264	+
	265	+	(D) THE FUND CONSISTS OF : 16
	266	+
	267	+	(1) MONEY APPROPRIATED I N THE STATE BUDGET TO THE PROGRAM; 17
	268	+
	269	+	(2) MONEY TRANSFERRED FROM THE STRATEGIC ENERGY 18
	270	+	INVESTMENT FUND ESTABLISHED UNDE R § 9–20B–05 OF THIS TITLE; 19
	271	+
	272	+	(3) MONEY RECEIVED FROM ANY PUBLIC OR PRIVAT E SOURCE; 20
	273	+
	274	+	(4) INTEREST AND INVESTM ENT EARNINGS OF THE FUND; AND 21
	275	+
	276	+	(5) REPAYMENTS AND PREPA YMENTS ON LOANS MADE FROM THE 22
	277	+	FUND. 23
	278	+
	279	+	(E) (1) IN FISCAL YEAR 2027, THE GOVERNOR MAY INCLUDE IN THE 24
	280	+	ANNUAL BUDGET BILL A N APPROPRIATION OF $5,000,000 FOR THE FUND. 25
	281	+
	282	+	(2) IN FISCAL YEAR 2028, THE GOVERNOR MAY INCLUDE IN THE 26
	283	+	ANNUAL BUDGET BILL A N APPROPRIATION EQUA L TO AT LEAST $5,000,000 MINUS 27
	284	+	THE AMOUNT IN THE FUND AS OF JUNE 30 OF THE IMMEDIATELY P RECEDING 28 SENATE BILL 105 7
	285	+
	286	+
	287	+	FISCAL YEAR. 1
	288	+
	289	+	(F) THE FUND MAY BE USED ONLY : 2
	290	+
	291	+	(1) TO PAY THE EXPENSES OF THE PROGRAM; AND 3
	292	+
	293	+	(2) TO PROVIDE LOANS TO ELIGIBLE BORROWERS U NDER THE 4
	294	+	PROGRAM. 5
	295	+
	296	+	(G) (1) THE STATE TREASURER SHALL INVES T AND REINVEST THE 6
	297	+	MONEY OF THE FUND IN THE SAME MANN ER AS OTHER STATE MONEY MAY BE 7
	298	+	INVESTED. 8
	299	+
	300	+	(2) ANY INVESTMENT EARNIN GS OF THE FUND SHALL BE PAID IN TO 9
	301	+	THE FUND. 10
	302	+
	303	+	(3) ANY REPAYMENT ON LOAN S MADE FROM THE FUND SHALL BE 11
	304	+	PAID INTO THE FUND. 12
	305	+
	306	+	SECTION 2. AND BE IT FURTHER ENACTED, That, on or before July 1, 2026, the 13
	307	+	Maryland Energy Administration shall: 14
400	308
401	309		(1) establish an application process for loans made under the Green and 15
402	310		Renewable Energy for Nonprofit Organizations Loan Program in Title 9, Subtitle 21 of the 16
403		-	State Government Title 10, Subtitle 8 of the Economic Development Article, as enacted by 17
404		-	Section 1 2 of this Act; 18
	311	+	State Government Article, as enacted by Section 1 of this Act; 17
405	312
406		-	(2) set guidelines and considerations for application, selection, and 19
407		-	repayment that include: 20
	313	+	(2) set guidelines and considerations for application, selection, and 18
	314	+	repayment that include: 19
408	315
409		-	(i) nonprofit organizations that own, rather than rent, their 21
410		-	buildings; 22
	316	+	(i) nonprofit organizations that own, rather than rent, their 20
	317	+	buildings; 21
411	318
412		-	(ii) property size and kilowatt–hours of energy used; 23
	319	+	(ii) property size and kilowatt–hours of energy used; 22
413	320
414		-	(iii) geographic diversity; 24
	321	+	(iii) geographic diversity; 23
415	322
416		-	(iv) ethnic and racial diversity; 25
	323	+	(iv) ethnic and racial diversity; 24
417	324
418		-	(v) economic diversity; 26
	325	+	(v) economic diversity; 25
419	326
420		-	(vi) nonprofit organization mission diversity; 27
	327	+	(vi) nonprofit organization mission diversity; 26
421	328
422		-	(vii) access to the borrower’s portion of the cost of the qualifying 28
423		-	energy system; and 29 10 SENATE BILL 105
	329	+	(vii) access to the borrower’s portion of the cost of the qualifying 27
	330	+	energy system; and 28
	331	+
	332	+	(viii) process and frequency of loan repayment; and 29 8 SENATE BILL 105
424	333
425	334
426	335
427		-	(viii) process and frequency of loan repayment; and 1
	336	+	(3) develop and implement an advertising campaign for the Green and 1
	337	+	Renewable Energy for Nonprofit Organizations Loan Program. 2
428	338
429		-	(3~~) develop~~ and ~~implement an advertising campaign for the Green and 2~~
430		-	~~Renewable Energy for Nonprofit Organizations Loan Program~~. 3
	339	+	SECTION 3. AND BE IT FURTHER ENACTED, That Section 1 of this Act shall take 3
	340	+	effect July 1, 2026. 4
431	341
432		-	SECTION 3. 4. AND BE IT FURTHER ENACTED, That Section 1 2 of this Act shall 4
433		-	take effect July 1, 2026. 5
434		-
435		-	SECTION 4. 5. AND BE IT FURTHER ENACTED, That, except as provided in 6
436		-	Section 3 4 of this Act, this Act shall take effect July 1, 2025. 7
437		-
438		-
439		-
440		-
441		-	Approved:
442		-	________________________________________________________________________________
443		-	Governor.
444		-	________________________________________________________________________________
445		-	President of the Senate.
446		-	________________________________________________________________________________
447		-	Speaker of the House of Delegates.
	342	+	SECTION 4. AND BE IT FURTHER ENACTED, That, except as provided in Section 5
	343	+	3 of this Act, this Act shall take effect July 1, 2025. 6